The Managing Director of Nigerian Liquefied Natural Gas, NLNG, Ltd, Babs Omotowa has insisted that the N1.2 trillion bailout fund for States was generated by the administration of former President Goodluck Jonathan.

Omotowa who made this known in an interview refuted claims by the presidency claiming the fund was not generated from Jonathan’s administration.

The NLNG boss while confirming that $1.6bn was paid to the Government from operations said “We did not pay the government $1.6billion dividend but $1.6billion corporate income and education tax, which is different from dividend.”

He however insisted that “this of course is from our activities in 2014.”

Following the plea by some State Governors to President Muhammadu Buhari for rescue in order to pay workers salary, Buhari assented to the release of the sum of N1.2 trillion last week.

At least 12 of the 36 States including Osun, Rivers, Oyo, Ekiti, Kwara, Kogi, Ondo, Plateau, Benue, and Bauchi states are believed to owe their workers over N110billion in salaries and allowances.

Following the release of the fund, the Peoples Democratic Party (PDP) in a statement through its National Publicity Secretary, Olisa Metuh insisted that the fund was saved by the immediate past administration.
“It is gratifying to note that gradually the evidence of monies left behind by the PDP-led administration is coming to public light despite effort by the new government to hide the facts.

“The public had been made aware that $2 billion was left in the ECA for which the Accountant–General and the APC confirmed approvals for the withdrawal of $1.7 billion.” The statement read.

In reaction to the above, the Presidency in a statement through the Special Adviser on Media and Publicity, Femi Adesina, said the PDP claim was false and ridiculous.

Adesina in the statement said “The Presidency deplores the attempt by the PDP and its agents to create an unnecessary controversy over the well-intentioned effort by President Muhammadu Buhari to give some relief to state governments and long-suffering public sector workers.
“Metuh’s claim that a significant amount of the funds came from savings accumulated in the Excess Crude Account and handed over to the Buhari administration is completely false and deliberately intended to mislead the public,” it added.
​Also, Dr. Cairo Ojougboh the PDP National Vice-Chairman S/South had accused Buhari of going about the bailout process in the wrong way.

He insisted that the Senate should have appropriated the funds, not the executive.

This will be the second accusation of impunity the federal government is facing, after being accused of masterminding the occupation of 22 Rivers State councils by the state Police Command.

http://www.post-nigeria.com/bailout-jonathan-generated-the-funds-used-nlng-md-insists/

Hmmm

Ok

Dis NLNG boss go be d next to bi sack by buhari, mark my word. GEJ na my hero anytime any day.

Apc all out to blackmail a good man.... but at the end he gets vindicated....


APCSUCKS JARE

What is news here?

The presidency clearly stated that the money was paid in June to the account of the FG. The FG never said it was the tax or dividends for 2015 or denied that it was money earned in 2014.

What APC/FG insists is that it was not left in the FG accounts by GEJ's administration. So, how has this news supported PDP claiming that GEJ deliberately left the money for PMB when it was paid in June?

Nigerians (including the governors) are however happy that the money was not paid during GEJ because oga Jona and his cohorts would have surely found a way to use it to satisfy their insatiable appetite for stealing which was not seen as corruption then.

The good thing out of all these push-me-i-push-you is that workers has been paid. I care less about all these tantrums by everybody.

God help us all

kodded:
[b]no amount of propaganda can hide the achievements by Dr. goodluck ebele jonathan

Janjaweeedians keep hating

ApcSucks:
Apc all out to blackmail a good man.... but at the end he gets vindicated....

APCSUCKS JARE

Make una get proper education, una no gree.

The destruction party claimed the money was deliberately left by GEJ for PMB while FG/APC claims it was only paid in June.

Now, going by what you've read here, who lied? PDP of course because the money was paid only in June.

PassingShot:
What is news here?

The presidency clearly stated that the money was paid in June to the account of the FG. The FG never said it was the tax or dividends for 2015.

What Nigerians are however happy for (including the governors) was that, had the money been paid during GEJ, oga Jona and his cohorts would have surely found a way to use it to satisfy their insatiable appetite for corruption.

Go and read what Edo State Governor is vomiting.

Taxes are paid to Federal Inland Revenue which is the institution empowered to collect the money.

However, the APC propaganda machines including the Governors misconstrue this fund for dividends.

This is the same way Mallam Sanusi told Nigerians that $49 billion is missing from NNPC remittances when in essence Nigerian National Petroleum Corporation (NNPC), Federal Inland Revenue Service (FIRS), Department of Petroleum Resources (DPR) were all involved in collecting the said amount and not necessarily only NNPC as he insinuated.

hnmnmnn,

IsraeliAIRFORCE:


Go and read what Edo State Governor is vomiting.

Taxes are paid to Federal Inland Revenue which is the institution empowered to collect the money.

However, the APC propaganda machines including the Governors misconstrue this fund for dividends.

The question here is not about when the money was earned but when it was paid in.

While PDP clearly claimed that the money was left in the FG account for PMB to use, facts available prove them wrong as the money was only paid in June.

PDP lied big time.

na wa o

PassingShot:

The question here is not about when the money was earned but when it was paid in.

While PDP clearly claimed that the money was left in the FG account for PMB to use, facts available prove them wrong as the money was only paid in June.

PDP lied big time.

And your little mind never told you that the paperworks were completed before June and that Jonathan's administration was fully privy to it.

From every indication Jonathan's administration left it for Buhari's government to use same way he refused to sign the constitution amendment that would have tied Buhari's hands but choose instead to go to court in his defense.

silly propaganda. Who granted the interview? post-nigeria baa? Wailers keep wailing....

[s]

IsraeliAIRFORCE:


And your little mind never told you that the paperworks were completed before June and that Jonathan's administration was fully privy to it.

From every indication Jonathan's administration left it for Buhari's government to use same way he refused to sign the constitution amendment that would have tied Buhari's hands but choose instead to go to court in his defense.

[/s]

shachris:
silly propaganda. Who granted the interview? post-nigeria baa? Wailers keep wailing....

You may do well to contact them though.

It's not a matter of who generated it, it's a matter of who used it wisely. GEJ them wld have shared the money amongs themselves.

PassingShot:
[s][/s]

hahahahaha mumu you don't have what to reply again? Bush man

As long as your hands are clean, all you need do is stand still and see how God fights your battles for you.

[s]

ONYX5:
hahahahaha mumu you don't have what to reply again? Bush man

[/s]

[s]

PassingShot:



Make una get proper education, una no gree.

The destruction party claimed the money was deliberately left by GEJ for PMB while FG/APC claims it was only paid in June.

Now, going by what you've read here, who lied? PDP of course because the money was paid only in June.

[/s]



what are you saying @bolded

Thankfully, the money was not available in FG account for GEJ to spend on OPC and the like.

I thought Buhari supporters claimed it was Buhari's government that generated the money?

As this man open their nyash so, them go soon sack am or post am go Bornu state.

francizy:
I thought Buhari supporters claimed it was Buhari's government that generated the money?

As this man open their nyash so, them go soon sack am or post am go Bornu state.

Like Marylin Ogar. God bless GEJ

This country is a joke...i swear!!! we are in for a long thing.

The reason why this is an issue is because this apc government is hellbent on running a government of propaganda. Just to make us believe they are better than the past government.

if not who cares.